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Master's Degree in Finance

University of Pavia
Program overview
2 years
Full time
Master's degree
Scholarships available
Start dates
September 2022

September 2023

September 2024

About this program

Master's Degree in Finance

The Master's degree course in Finance provides students with knowledge in interpretative models of quantitative finance as well as statistical and econometric techniques.

Through high specialization in mathematics, statistics and IT, the course enables students to:

  • Determine the value of financial activities;
  • Measure financial products risks through econometric and risk hedging techniques;
  • Design quantitative tools for optimal portfolio management;
  • Analyze large databases.
  • The course is available also as double-degree program with partner Universities in Belgium, China, France, Germany, Hungary.

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Admission requirements

Undergraduate diploma (or higher)

The student should provide evidence to have acquired in the 3-year diploma the following number of ECTS (in case of students outside the European Union, the equivalent number of hours of study) in these areas:

  • At least 6 ECTS in economics subjects;
  • At least 6 ECTS in mathematics and statistics;
  • At least 3 ECTS in computer science.

In alternative, to be eligible to apply for this masters degree, the student should provide evidence to have acquired the 3-year diploma in:

  • Bachelors degree in Industrial Engineering
  • Bachelors degree in Information Engineering
  • Bachelors degree in Physics
  • Bachelors degree in Computer Science
  • Bachelors degree in Math
  • Bachelors degree in Statistics.

The entry qualification documents are accepted in the following languages: English / Italian.

For more information about admission requirements, please visit the university website.

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Program content

Year 1

  • One subject to be chosen between: Real Analysis / Economic models
  • Probability and stochastic processes
  • Firm valuation and capital markets instruments
  • Capital Markets and EU Company Law
  • Quantitative Finance
  • Topics in portfolio management
  • Econometrics
  • One subject to be chosen betwenn: Numerical Optimization and Data Science / Computational Methods

Year 2

  • Applied Finance
  • Statistics for Finance
  • Financial Econometrics
  • Asset pricing and macroeconomics
  • Laboratory on Financial Management

Scholarships & funding

The University of Pavia offers several kinds of scholarships/funding for a sum up to 6.000 euro per year per student. 


156 – 3500 euro per year. The tuition fee is adjusted to the student’s family’s financial situation. Non-EU students residing abroad and holding a study visa can also choose to pay the flat rate determined according to their citizenship which ranges from 400 euro to 3500 euro per year. 

Application fee: €35,00


Master's degree

Career paths

The master degree in Finance prepares students to work in: banks, asset management companies, consulting companies, supervisory authorities and central banks, insurance companies, fintech and trading, venture capital. Graduates can therefore become: risk manager, quantitative analyst for the portfolio management, strategic analyst for asset management companies, quantitative analyst for fintech and trading.

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About this institute

University of Pavia

The University of Pavia is one of the world’s oldest Academic Institutions. It was founded in 825 as a “School of law, rhetoric and liberal arts” by King Lothair I, and in 1361 it was officially established as a “Universitas...

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Why study at University of Pavia

Pavia: a city campus

Located in Lombardy Region, only 30 KM south of Milan, the City of Pavia offers a lively, genuine, cooperative and safe environment with a high quality of life. Pavia is the Capital of the fertile Province of Pavia, which is known for a variety of agricultural products -including wine, rice, cereals and dairy products- and is situated at the heart of Italy’s manufacturing district. Tts fascination remains intact with the center’s maze of narrow streets, ancient churches and elegant buildings, all bordered by the Ticino river. The countless events, festivals, exhibitions, concerts, meeting places and sports competitions combine to offer students a unique University experience.

Contact info

University of Pavia

Strada Nuova 65
27100 Pavia

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